Dollar Slumps on Weak Jobs Report

The dollar weakened after a disappointing report on the U.S. labor market led to increased uncertainty about whether the economy can sustain its pace of recovery.

Private-sector jobs in the U.S. increased by 135,000 last month, according to a report from payroll processor Automatic Data Processing Inc. and forecasting firm Moody's Analytics. That fell short of the 170,000 gain expected by economists surveyed by Dow Jones.